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LONDON - Assets managed by activist hedge funds have surged six-fold in the last 10 years to $120 billion, according to a study released on Tuesday, showing the rise in popularity of some of the most vocal investors.

LONDON - Hedge fund and other large speculators' bets on rising Brent crude oil prices jumped last week to the highest since July, exchange data showed on Monday, as a price rally squeezed out short positions.

LONDON - Leda Braga, one of Europe's best-known hedge fund managers, achieved a 9.5 percent return for her BlueTrend hedge fund in January, a strong start for her business that spun out of BlueCrest Capital Management last month.

LONDON - Harness Macro Currency Strategy, a hedge fund started by former Fortress Investment Group portfolio manager Philippe Peress, lost 8.8 percent in January, according to a letter from the fund to investors seen by Reuters.

BOSTON - Hedge fund Pershing Square Capital Management won one seat on the board of directors of animal health company Zoetis Inc and agreed with management to select a second "mutually agreeable" director, Zoetis said on Wednesday.

LONDON - The UK's West Midlands Pension Fund is in the process of withdrawing its hedge fund allocations of just over 200 million pounds ($300 million), becoming the latest institution to end the use of these relatively expensive and complex products.